Rent prices

10-07-2019 09:24AM #1

I was living abroad and returned home to Dublin and am absolutely sickened at the price of rent. I knew it was bad but it’s only now that I’m looking for my own rented accommodation that I see firsthand what people are being charged.

How are people supposed to live after rent and expenses are paid, nevermind save anything? How has this been allowed to happen? Is there any chance rent prices could decrease over time? It’s just shocking and totally unsustainable.

Bigbagofcans · 10-07-2019 09:50AM

Had you not checked prices on Daft before returning home? If I was living away I wouldn't be in a hurry to come home now.

10-07-2019 09:51AM

Bigbagofcans wrote: »

Had you not checked prices on Daft before returning home? If I was living away I wouldn't be in a hurry to come home now.

I’d had a look but like I said it’s only now that I’m really looking that I see how bad it is.

Bigbagofcans · 10-07-2019 10:02AM

I don't think rent prices will be decreasing any time soon unfortunately.

Princess Consuela Bananahammock · 10-07-2019 10:03AM

Out of interest, how much rent do you think would be a fair price?

TheValeyard · 10-07-2019 10:04AM

Princess Consuela Bananahammock wrote: »

Out of interest, how much rent do you think would be a fair price?

About tree fiddy

suicide_circus · 10-07-2019 10:05AM

Go back whence you came, son. This is no country for young men.

The_Kew_Tour · 10-07-2019 10:05AM

And it's not even gotten to the worst bit yet. Its going to keep rising.

If you are young try save few bob and you wont regret it come your 30s when and trying get on ladder. Otherwise you are going to be renting and wasting money for long time.

10-07-2019 10:09AM

What really grinds my gears is people who say "well its still cheaper than renting in Paris or London"

This isn't Paris or London! It's Dublin. A moderately handsome city that's closer in size and type to a Northern English city like Sheffield or Newcastle.

Same with hotel prices. There was a guy on the radio recently, a representative of the hotel industry who denied there was gouging because "If you look at cities like Vienna and Milan, we're still not at those price points"

Jesus. It's like anyone with capital resources is just gouging all they can until the next economic crash. This is a worryingly dysfunctional situation.

Bigbagofcans · 10-07-2019 10:14AM

The_Kew_Tour wrote: »

And it's not even gotten to the worst bit yet. Its going to keep rising.

If you are young try save few bob and you wont regret it come your 30s when and trying get on ladder. Otherwise you are going to be renting and wasting money for long time.

How are people supposed to save money whilst paying ridiculously high rents?

ToddyDoody · 10-07-2019 10:14AM

I've said it before.

What you want is a caravan.

Cina · 10-07-2019 10:14AM

A Tyrant Named Miltiades! wrote: »

What really grinds my gears is people who say "well its still cheaper than renting in Paris or London"

This isn't Paris or London! It's Dublin. A moderately handsome city that's closer in size and type to a Northern English city like Sheffield or Newcastle.

Same with hotel prices. There was a guy on the radio recently, a representative of the hotel industry who denied there was gouging because "If you look at cities like Vienna and Milan, we're still not at those price points"

Jesus. It's like anyone with capital resources is just gouging all they can until the next economic crash. This is a worryingly dysfunctional situation.

I don't even think it's cheaper than renting in London, now, not with how crap the Sterling has gotten. And London is arguably cheaper to live in (food, utilities, booze) than Dublin now too.

Apartment/house prices are still way higher in London, though. But not rent.

m5ex9oqjawdg2i · 10-07-2019 10:15AM

1 bed shoebox in Dublin soco is about 1500. Insane. 2 beds going for 2K+. Only option for most people is to share, and that can be a nightmare.

Thelonious Monk · 10-07-2019 10:15AM

I can't understand how they fill all these hotels with the extortionate prices they charge. I'm sure dublin isn't a bad place to visit but its not Venice or Rome.

q85dw7osi4lebg · 10-07-2019 10:18AM

Deleted User wrote: »

I was living abroad and returned home to Dublin and am absolutely sickened at the price of rent. I knew it was bad but it’s only now that I’m looking for my own rented accommodation that I see firsthand what people are being charged.

How are people supposed to live after rent and expenses are paid, nevermind save anything? How has this been allowed to happen? Is there any chance rent prices could decrease over time? It’s just shocking and totally unsustainable.

Get a better job / salary.

Until then, don't live in Dublin, rent is a lot cheaper 1 hour + away.

The_Kew_Tour · 10-07-2019 10:19AM

Bigbagofcans wrote: »

How are people supposed to save money whilst paying ridiculously high rents?

I managed to do it when I was younger. Shopping sensible and not spending more then you can afford. It all adds up it really does. Getting a suitable place to rent at decent price is the hard but if course..not easy I know

Cina · 10-07-2019 10:19AM

Bigbagofcans wrote: »

How are people supposed to save money whilst paying ridiculously high rents?

Well, a lot of them can't, it's a vicious circle.

The worst thing is that getting a mortgage will likely not be possible for these people because of the (possibly rightly) strict rules and the fact that deposits will be so difficult to obtain, so they'll be stuck renting, where they can't save anything.

Our mortgage works out as around €1,150 on our apartment, including management fees etc. and if we were to actually rent our place it would probably cost us €2,000+, so our mortgage is actually way cheaper than rent would be! I just feel sorry for anyone who can't get into the same situation, really.

10-07-2019 10:20AM

In your 20s you houseshare and save your deposit to put yourself in the best place possible to buy if and when the time comes.

sharing a 2 bed apartment or renting a 1 bed on your own was only ever done by folk who weren't shrewd with their cash. I moved up to Dublin in 2003 and rent was quite reasonable back then, most of my colleagues were in house shares.

The odd few went 1 bed apt but saving was a concept they didn't believe in.

m5ex9oqjawdg2i · 10-07-2019 10:21AM

The_Kew_Tour wrote: »

I managed to do it when I was younger. Shopping sensible and not spending more then you can afford. It all adds up it really does. Getting a suitable place to rent at decent price is the hard but if course..not easy I know

When you were younger... so nothing to do with the current state of affairs then. How is that in any way helpful? You could save money back when rent was cheaper, therefore people should be able to do it now...

dodderangler · 10-07-2019 10:22AM

Landlord hacked the price of our rent to another two hundred quid so 1600 I’m paying now.
It’s disgusting. I know people paying less than that on a feckin mortgage. At this rate it’ll keep going up and we’ll never afford to have our own house

10-07-2019 10:23AM

Cina wrote: »

...........

Our mortgage works out as around €1,150 on our apartment, including management fees etc. and if we were to actually rent our place it would probably cost us €2,000+, so our mortgage is actually way cheaper than rent would be! I just feel sorry for anyone who can't get into the same situation, really.

Rent should be more expensive than a mortgage.
We got used to rents being on the floor during the recession, they are now looney expensive. In 10 years time they might (might not too, who knows) well be more reasonable.

10-07-2019 10:24AM

Cina wrote: »

Well, a lot of them can't, it's a vicious circle.

The worst thing is that getting a mortgage will likely not be possible for these people because of the (possibly rightly) strict rules and the fact that deposits will be so difficult to obtain, so they'll be stuck renting, where they can't save anything.

Our mortgage works out as around €1,150 on our apartment, including management fees etc. and if we were to actually rent our place it would probably cost us €2,000+, so our mortgage is actually way cheaper than rent would be! I just feel sorry for anyone who can't get into the same situation, really.

Same. There are shared houses on my road where you could only rent two bedrooms for the price of my mortgage.

And who benefits from tenants' inability to save because of extortionate rents? Thats right, the same landlords and investment funds who own so much of the housing stock in this city.

There's only one thing to do. We're going to have to eat the rich.

The_Kew_Tour · 10-07-2019 10:26AM

Adilynn Teeny Volleyball wrote: »

When you were younger... so nothing to do with the current state of affairs then. How is that in any way helpful? You could save money back when rent was cheaper, therefore people should be able to do it now...

I lived in Dublin at a time when it was 50 viewing a place too.

It's the people finding it hard to get a place. I just tried to not spend what I could not afford. Getting out of Dublin to communte might be better options.

I have total sympathy for young people. I'm not that old myself. But I had to make few sacrifices and paid off now.

I understand its getting harder and harder but with a bit of luck.and sensible financial means its possible.

Of course I'm not talking for everyone, but so many are paying the prices so it's always going keep rising. People have got to make s stand

Cina · 10-07-2019 10:27AM

Augeo wrote: »

Rent should be more expensive than a mortgage.
We got used to rents being on the floor during the recession, they are now looney expensive. In 10 years time they might (might not too, who knows) well be more reasonable.

They really shouldn't.

There are numerous European cities where people basically rent their whole lives because it's cheaper than a mortgage and because they have better tenant rights.

Rent should always be cheaper than a mortgage. The whole point of renting is to be able to live cheaper while you save up to get a mortgage!

Osborne · 10-07-2019 10:31AM

Thelonious Monk wrote: »

I can't understand how they fill all these hotels with the extortionate prices they charge. I'm sure dublin isn't a bad place to visit but its not Venice or Rome.

You're thinking about it the wrong way. The Hotels are already full, hence them charging high rates. It's simply supply and demand.

10-07-2019 10:33AM

Cina wrote: »

They really shouldn't.

There are numerous European cities where people basically rent their whole lives because it's cheaper than a mortgage and because they have better tenant rights...............

Cina wrote: »

Rent should always be cheaper than a mortgage. The whole point of renting is to be able to live cheaper while you save up to get a mortgage!

When you contradict yourself it's easy to see you are waffling total sh1t.

Reviews and Books Galore · 10-07-2019 10:34AM

@Paris Rent

Actually, rent is more expensive in Dublin than Paris 'P were more expensive than Tokyo as well, and pushing close to London tbh. A bedroom costs 1000 £ per month.

Also, somebody said get a better job if you want to rent. How much of a pay increase are you expecting? Its a little bit silly to just say change job since, unless you drastically change sector, it doesn't make much of a difference when half or more your salary is on rent.

Reviews and Books Galore · 10-07-2019 10:36AM

Osborne wrote: »

You're thinking about it the wrong way. The Hotels are already full, hence them charging high rates. It's simply supply and demand.

I imagine homelessness might help the hotels/hostels tbh. And refugees are a perfect time for all the empty hotels/hostels after the crash

Osborne · 10-07-2019 10:38AM

Reviews and Books Galore wrote: »

I imagine homelessness might help the hotels/hostels tbh. And refugees are a perfect time for all the empty hotels/hostels after the crash

Why are you replying to me with this?

m5ex9oqjawdg2i · 10-07-2019 10:39AM

Augeo wrote: »

Rent should be more expensive than a mortgage.
We got used to rents being on the floor during the recession, they are now looney expensive. In 10 years time they might (might not too, who knows) well be more reasonable.

Rent prices did not "bottom out", they normalized. Even still, during the recession rent prices where still high in places.

There's an obsession with owning a house in Ireland. It can make for a nice next egg etc, but it cripples peoples for years and years.

The_Kew_Tour · 10-07-2019 10:39AM

Dublins population is going rise by 1/3 in next 15-20 years..

Ireland population is going to increase as much in that time so things ain't going to improve really as people from abroad will be happy to pay those prices for short terms etc.

Rent prices

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